Aspen Group Limited · ASX:APZ
Aspen — Shareholder Meeting (November 2012)
13 slides from Aspen's shareholder meeting presentation, Nov 23, 2012
Slide 1: Aspen Group 2012 Annual General Meeting Investor Presentation
For personal use only Aspen Group 2012 Annual General Meeting Investor Presentation 23 November 2012
Slide 2: FY12 in review
FY12 in review Overview For personal use only Financial > Statutory loss of $147 million for FY12 > Operating profit after tax of $28 million (down 20.9% on FY11) > NTA at 30 June 2012 of 41 cents per security (cps) > Underlying EPS of 4.66 cps > Distributions paid of 3.15 cps Operational > Property
Slide 3: Strategic Review: Rationale and conclusions
Strategic Review Rationale and conclusions For personal use only Rationale > Exposure to underperforming residential and development sectors resulted in: • Earnings risk • Reliance on funding > Need to simplify the business model > Requirement to reduce gearing > Address legacy issues such as invest
Slide 4: Strategic Review: Status report
Strategic Review Status report For personal use only Completed > Settled $101 million equity raising > Reduced senior debt facilities with NAB > Fully compliant with all debt covenants > Streamlined business into Core versus Non-Core assets > Divestment program of Non-Core assets commenced: • Secure
Slide 5: Strategic Review: Identification of Core versus Non-core
Strategic Review Identification of Core versus Non-core For personal use only October 2012 Aspen Group (APZ) Stapled Securities Rental income Funds management fees, equity profits, interest revenue Core assets Property Portfolio Funds Management Non-core Activities $394m1 AUM $309m AUM $312m3 AUM As
Slide 6: Property Portfolio: Key Metrics
Property Portfolio For personal use only Key Metrics June 2012 June 2011 Aspen Group Portfolio Total ($m) (includes ATO Building WIP under construction) 379 327 Presenttion 9.34 9.47 Wtd. Ave Cap Rate (%) (excludes ATO) Occupancy (%) 97 92 (excludes ATO) WALE (years) 1.98 2.33 (pre ATO completion) W
Slide 7: Property Portfolio: FY12 achievements and FY13 update
Property Portfolio FY12 achievements For personal use only > 14.6% rental growth at Septimus Roe > Independent valuations up $30.1 million on December 2011 (or 13.2%) > Market review at Aspen Karratha Village delivered 20% increase in room day rates > Secured tenant commitments from 30 June 2012 at
Slide 8: Funds Management – Aspen Parks: Key Metrics
Funds Management – Aspen Parks For personal use only Key Metrics FY 2012 FY 2011 Equity Interest Held By Aspen 10.3% 11.9% Funds Management Income $6.0m $6.0m Share of assoc. profit/(loss) $1.6m $3.0m 1. Since June 2012 Aspen’s equity interest has been diluted to 9.1% as a result of further equity i
Slide 9: Funds Management – Aspen Parks: FY12 achievements
Funds Management – Aspen Parks FY12 achievements For personal use only > Gross equity inflows in Aspen Parks up 82% on prior period (net inflows: +51%) > Strong trading performance driven by mining and tourist properties > Gearing reduced from 44.4% (June 2011) to 30.8% (June 2012) – significant cap
Slide 10: Non Core Activities: FY13 update
Non Core Activities FY13 update For personal use only Residential > Structured sales program commenced > Executed sale of interests in St Leonards Estate > Heads of Agreement reached for sale of interest in Whitsunday Shores Estate > Preliminary interest in other estates through EOI program Aspen De
Slide 11: FY13 Outlook and Guidance
FY13 Outlook and Guidance For personal use only Outlook > 30% net rental growth under executed leases for FY13 (excluding ATO Building) > Non-Core asset divestment program on track > Reduced overheads through cost reduction programme > Growth of Aspen Parks portfolio through further acquisition & or
Slide 12: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Aspen Group (“Aspen”) and should not be considered in any way to be an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any security, and neither this document nor anyth
Slide 13: For personal use only
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